EURO - Price can bounce down of resistance line to $1.0850 level
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price entered to rising channel, where it some time traded between $1.0850 level and then made a downward impulse.
Price broke $1.0850 level and exited from rising channel, after which fell to $1.0720 level and at once bounced up.
Next, EUR started to trades inside wedge, where it bounced from resistance line and quickly declined to support line.
After this, price bounced from this line, broke $1.0720 level, and even made a gap, after which continued to grow.
Then Euro reached $1.0850 level, broke it too and made a second gap, after which bounced from resistance line.
Now, I think price can reach resistance line and then bounce down to $1.0850 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to rising channel, where it some time traded between $1.0850 level and then made a downward impulse.
Price broke $1.0850 level and exited from rising channel, after which fell to $1.0720 level and at once bounced up.
Next, EUR started to trades inside wedge, where it bounced from resistance line and quickly declined to support line.
After this, price bounced from this line, broke $1.0720 level, and even made a gap, after which continued to grow.
Then Euro reached $1.0850 level, broke it too and made a second gap, after which bounced from resistance line.
Now, I think price can reach resistance line and then bounce down to $1.0850 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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